Property Overview
This two-storey home in Grassie offers a well-proportioned living space on a generous lot, presenting a practical and comfortable family option. Its key appeal lies in its above-average size, both in the 1,842 sqft interior and the 6,133 sqft lot, ranking it highly within its immediate street and the wider Winnipeg area. The home features an attached garage and a renovated basement, adding functional living and storage space. Built in 1986, it sits in the newer tier of homes in its neighbourhood.
The property would suit buyers looking for a move-in-ready, spacious family home without the premium price tag of a new build. It’s particularly appealing to those who value room to grow, both inside and out, and appreciate a home that has seen recent updates like the basement renovation. The strong rankings for living area and lot size suggest it offers more space than many comparable properties, which is a lasting value in a mature neighbourhood.
A less obvious perspective is the potential for equity stability. With a recent sale in 2022 and a current assessed value that has seen a modest increase, it may indicate a property in a steady market position, not subject to the extreme fluctuations seen in some areas. The home’s rankings suggest it is a standout on its specific street for space, which can be a durable advantage.
Frequently Asked Questions
1. How does the property’s size compare to others nearby?
The home ranks in the top 14% on its street and top 21% in the Grassie neighbourhood for living area, meaning it is significantly larger than many surrounding homes. The lot size is also in the top 14% on the street.
2. What is the neighbourhood like for newer versus older homes?
Grassie has a mix. This 1986 home ranks in the top 18% for year built in the neighbourhood, meaning it is among the newer third of homes. The area includes many homes built from the 1960s through to new constructions post-2010.
3. Has the property value increased since its last sale?
The home sold for $45,500 in September 2022 and is currently assessed at $48,200. This indicates a modest increase in assessed value over that period.
4. What are the property taxes likely to be?
Based on the current assessed value of $48,200, property taxes can be estimated by applying the City of Winnipeg’s current mill rate. A precise calculation should be verified with the listing agent or municipal tax office.
5. Is the renovated basement reflected in the assessment?
While the listing notes a renovated basement, municipal assessments primarily consider factors like location, lot size, living area, and building age. Significant renovations can influence value, but the assessed value is a municipal figure for taxation; market value is determined by recent sales of comparable homes.